Crane NXT price target lowered to $85 from $100 at DA Davidson

DA Davidson analyst Matt Summerville lowered the firm’s price target on Crane NXT (CXT) to $85 from $100 and keeps a Buy rating on the shares after its Q1 results. The firm is adjusting its 2025 and 2026 estimates, reflecting the net impact of a slightly lower organic outlook within CPI, partially tempered by a slightly more favorable view on international currency, while also including the impact of completed De La Rue Authentication Solutions acquisition, the analyst tells investors in a research note.